OTCPK:MEAOD - Post by User
Post by
stocksnthings1on Sep 30, 2016 7:16am
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Post# 25293949
Moroy has potential to increase mine life of Bachelor mill
Moroy has potential to increase mine life of Bachelor mill According to Metanor Resources’ management team,Sandstorm would be entitled to 20% of the ounces that will be produced from ore zones within a 1.5 kilometer radius from the Bachelor Lake shaft.
| Tonnage/Grade | 4 g/t | 5 g/t | 6 g/t | 8g/t |
| 2.5Mt | 321,000 | 401,000 | 482,000 | 643,000 |
| 3Mt | 386,000 | 482,000 | 579,000 | 772,000 |
| 3.5Mt | 450,000 | 563,000 | 675,000 | 900,000 |
| 4Mt | 515,000 | 643,000 | 772,000 | 1.03Moz |
| 5Mt | 643,000 | 804,000 | 965,000 | 1.29Moz |
it would make a lot of sense to just push an exploration drift from the Bachelor Lake mine towards this new Moroy zone as it will be cheaper to conduct an underground drill program rather than continuing to drill holes from surface (as the sweet spot of the IP target is located approximately 600 meters below surface).
https://www.caesarsreport.com/reports/report-metanor-resources-shifting-fifth-gear-moroy-discovery/